Here we go again when Fibonacci Retracement Ratios score beyond the hat-trick by capturing price action of the Straits Times Index in this chart – 2 turning points fitting ratios to the dot in the last 2 months.

Don’t be left behind

To put the message clearly once and for all, whoever is not acquainted with trading Fibonacci Retracement by now is going to be outclassed because this is the phenomenon that is so unstoppable and penetrating very soon into every financial market.

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Thanks again for sharing your insight. A number of occasions I noticed that price in a number of currency pairs react to this level too, turning a (completed) setup into a bigger setup. More importantly, this level also serve another important purpose, especially to our bottom-line. The knowledge is starting to piece together.